Probability in Economics (Routledge Frontiers of Political Economy) - Softcover

Book 154 of 375: Routledge Frontiers of Political Economy

Hamouda, Omar

 
9780415862141: Probability in Economics (Routledge Frontiers of Political Economy)

Synopsis

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed. This book addresses: * probability, utility and rationality within current economic thought and practice * concepts of ignorance and indeterminancy * experimental economics * econometrics, with particular reference inference and estimation.

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About the Author

Hamouda, Omar; Rowley, Robin

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